TRA - Turners Automotive Group

[Pierre]

So $750 on cards after full year results

Maybe missing a decimal point?

[Basil]

LOL I am sure Winner meant to say $7.50.  That would seem to be a reasonable target price to me 12 months hence.

[Ferg]

Maybe missing a decimal point?

You never can tell with winner.  Constantly posting things that are irrelevant so it's hard to know what is real...

LOL I am sure Winner meant to say $7.50.  That would seem to be a reasonable target price to me 12 months hence.

I prefer $750! 

With all this fan talk there is only one thing for it.....Up the Glebes!

[Basil]

I prefer $750! 

When it gets to $750 I'll shout you a brand new Rolls Royce, I'll be able to comfortably afford 100 of them lol

[Waltzing]

yes... oh it was a typo.. 7.50

oh well thats pretty good when you look at the rest of the market as it looks like doom and gloom...

still end of the 1 QTR... cant get any worse right??

hows the dairy milk white gold trade going then...

[Dolcile]

I find it staggering that KMD is valued at $265m (roughly 50% of Turners) and is loosing money hand-over-fist.

[BlackPeter]

I find it staggering that KMD is valued at $265m (roughly 50% of Turners) and is loosing money hand-over-fist.

Hmm - while TRA is curently clearly a more successful company, not quite sure whether it is meaningfull to compare the marketcap of a (well run) local used car dealership and some worldwide operating outdoor manufacturer who still is suffering from Covid Woes.

But if you look into the potential - IF KMD starts doing the right things (not saying, they do), than chances for the  KMD share to double from here are certainly higher than the chances for a TRA share to double if they keep doing the right thing. Just the normal game of risk and reward.

Having said that - I just did sit through the KMD result preso ... and not sure, I really want to hold their candle.

[Dolcile]

Agree BP.  I'd also contend, that the changes of KMD going out of business are significantly higher than the chances of Turners doing the same.

[BlackPeter]

Agree BP.  I'd also contend, that the changes of KMD going out of business are significantly higher than the chances of Turners doing the same.

Absolutely - will depend on whether their hopefullness for the future or the challenging trading environment prevails. But maybe we should move this discussion to the KMD thread ;

[777]

Quite versatile is our Tina. Watched her on Guy Montgomery's Spelling Bee program this week.

https://www.nzherald.co.nz/entertainment/bubbah-tina-from-turners-and-taskmaster-tattoos-are-just-the-beginning/EDYEKZQENBDKTAE6BFWVRR2BZI/

[Pierre]

Nice work Turners. This quarter's dividend is 7cps - up from 6cps last year. Payable on 29 April.

[winner (n)]

Nice work Turners. This quarter's dividend is 7cps - up from 6cps last year. Payable on 29 April.

That's a 16.7% pay rise!!!

[Basil]

That's a 16.7% pay rise!!!

Turners is the only company on the NZX that I know of, that has a 10-year history of growing dividends at a pace considerably faster than inflation.  Makes it an ideal stock for retirees depending on reliable quarterly income that grows strongly over time.

[Waltzing]

liberation day or something... but this stock will be having nothing of it....

exports maybe not so much but lets wait and see...

8 cents next year?

[mike2023]

Correct me if I'm wrong but it's looking like 7.5% gross at $6.